Enabling energy storage to continue to flourish in Massachusetts, state officials are working closely with Boston-Power to pursue state and federal financial incentives that will help the company to fulfill its plans of building the Auburn facility.
Boston-Power, Inc. announced that the company is working to build what it describes as one of the world's most advanced battery manufacturing facilities in Auburn, Massachusetts.
Currently, nearly all lithium-ion batteries in the world are manufactured in Asia. The Commonwealth will offer up to $9 million in matching financing to support the company's planned manufacturing operation in Auburn. Boston-Power selected the Auburn site based on proximity to its headquarters.
With support from Massachusetts officials, Boston-Power is seeking approximately $100 million under the U.S. Department of Energy&rsquo 's advanced battery and cell manufacturing grant program established as a part of the American Recovery and Reinvestment Act.
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